Are you coming to #FERMA conference in Copenhagen on October 9-11?

David Vose, Graeme Keith and I have a little surprise for you! Read on, it is one of those career changing posts. We booked a conference room in one of… Continue reading Are you coming to #FERMA conference in Copenhagen on October 9-11?

RISK AWARENESS WEEK 2021 IS BACK! EARLY BIRD SALE ENDS IN 11 DAYS. DON’T MISS THE 80% OFF ALL ACCESS TICKETS

Our theme this year is better and greener decision making through risk management with specific focus on better planning, performance management and governance through risk management and decision science. Check out… Continue reading RISK AWARENESS WEEK 2021 IS BACK! EARLY BIRD SALE ENDS IN 11 DAYS. DON’T MISS THE 80% OFF ALL ACCESS TICKETS

CRO DIARIES – Using bow-ties for compliance risks with David Tattam

Join Alex Sidorenko, CRO EuroChem, and David Tattam, Chief of Research, Knowledge and Consulting, Protecht, to talk about using bow-ties diagrams for compliance risks. This will be useful, entertaining and… Continue reading CRO DIARIES – Using bow-ties for compliance risks with David Tattam

Compliance Risk Management – Risk analysis (part 5)

Step 5. Measure the effect of risks on decisions In order to account for the uncertainty both in the consequences of each scenario and its weight, consequence distributions are multiplied… Continue reading Compliance Risk Management – Risk analysis (part 5)

Compliance Risk Management – Risk analysis (part 4)

Step 4. Allocate weights to each scenario In order to determine the weight allocated to each consequence scenario of events triggered by compliance risk, historical data, modelling, as well as… Continue reading Compliance Risk Management – Risk analysis (part 4)

Compliance Risk Management – Risk analysis (part 3)

Step 3. Determine the range of consequences for each scenario In order to quantitatively assess compliance risks the next step involves defining the possible range of values for each consequence… Continue reading Compliance Risk Management – Risk analysis (part 3)

Compliance Risk Management – Risk analysis (part 2)

Step 2. Identify causes and consequence scenarios Causes and consequences for the bow-tie diagram are normally derived from the regulations as well as through consultation with risk owners and subject… Continue reading Compliance Risk Management – Risk analysis (part 2)

Compliance Risk Management – Risk analysis (part 1)

Wherever possible companies should apply quantitative risk analysis to measure and prioritize compliance risks. Wait what? We can do better than a compliance heatmap? Apparently :)) The following information should… Continue reading Compliance Risk Management – Risk analysis (part 1)

Compliance Risk Management – Risk identification

Every organisation is required to comply with laws within the countries it operates in, the legal and regulatory requirements vary between different regions adding to the need to have understanding… Continue reading Compliance Risk Management – Risk identification